Presidential Realty

Arizona Real Estate Experts

  • Home
  • Buy a Home
  • Sell My Home
  • About Us
  • Contact

RENTERS: Kiss Your Landlord Good Bye – Own Your Own Home!

RENTERS: Kiss Your Landlord Good Bye – Own Your Own Home!

The biggest problem many people face when making the move from renting to owning a home is the down payment.  You’ve been making regular payments every month for rent and can’t seem to accumulate enough capital for a more permanent home.  Many times homes in your area appreciate in value faster than you can save.  You should explore all possibilities and make every effort to purchase a home now and begin benefiting from the home’s appreciation and the income tax deduction that come with home ownership.  But saving for your down payment doesn’t need to be the mountain you’ve made it out to be.
The Federal Housing Administration (FHA) or the Veteran’s Administration (VA) and many other government programs or grant programs are available for homebuyers with zero or little down.  Hundreds of thousands of homebuyers are realizing their dream of home ownership every year and you can too.
1.  You can make a much smaller down payment than you think.
Certain government programs, such as first-time buyers programs, are intended to assist people in getting into the housing market.  Even if your spouse is a former homeowner, as long as your name was not on a home loan, you can still qualify as a first time buyer.  It’s vital that your real estate agent has knowledge of this area and can provide you with relevant information.
2.  Your lender may be able to help with your down payment and closing costs.
Even if you do not have enough cash on hand to make a down payment, provided you own an asset (car, for example) free and clear and have no debt, your lender may be able to secure a loan against that asset to cover the down payment.
3.  A seller may help you buy and finance your home.
Some sellers might consider holding a second mortgage for you in what is called a “seller take back.”  Under these circumstances, the seller acts as a lending institution.  Rather than a large lump sum payment, you pay the seller a monthly mortgage installment.
4.  Create a cash down payment without going into debt.
There are ways to borrow money for certain investments that can generate major tax refunds that you can use as a down payment for a new home.  While money borrowed for these investments are technically a loan, the monthly amount paid can be small, and the money in both the investment and the home will be yours when all is done.
5.  You do not need perfect credit to buy a home.
Provided you can come up with more than the minimum down payment or can secure a loan using other equity, many lenders will consider you for a mortgage.  If you have a less-than-perfect credit rating, seeking a seller that will take back the mortgage can also be very helpful.
6.  You should get pre-approved for a loan before shopping for a home.
It is very easy to get pre-approved and by doing so, you can shop for a home in peace.  Mortgage professionals can obtain a written pre-approval in very little time, often over the phone.  A written pre-approval certificate is like money in the bank.  All it takes is a completed credit application and a certificate that guarantees you a mortgage to a specified level when you find the home you are looking for.  This also strengthens your bargaining position when competing with other buyers on the home you want.
You should only work with a professional who specializes in home mortgages.  Their services can make the difference between obtaining a home loan or being trapped paying rent forever.
7. Choose your agent wisely. Working with a full-time professional real estate agent is a must.  Choose your agent by asking questions of him or her.  Find out how knowledgeable they are about houses currently for sale in your price range and also of houses that have recently sold.  Can your agent recommend a good lender that has the reputation of excellent customer service and low rates to assist you with financing a new home?  Does your agent ask questions of you in order to have a full understanding of what you are looking for to help you locate the most home for the money?
Thank you for requesting a copy of this “FREE REPORT”
For prompt, courteous, professional service, call Presidential Realty:

Office:      480-336-9222

Have questions, need advice you can count on or just want to discuss this further?
Don’t waste any more time; pick up the phone and call me now!  I’m here to help!
I appreciate you as a client and a friend. I appreciate your business, your loyalty, trust and your referrals. It is my goal to provide the very best counsel, advice and service possible for your real estate needs. If I may ever be of assistance to you, a relative, friend or co-worker please don’t hesitate to call me. I look forward to the opportunity to serve you.

Real Estate Search

Testimonials

We had our home listed with an agent for more than 198 days with little traffic and no offers…..we hired the Presidential Realty team …after a short time their unique marketing approach paid off! We received 98% of our asking price.

~ Darin R, Scottsdale

About Me

The Presidential Realty REO Division works directly with banks, mortgage lenders and asset management companies to assist in the sale of their bank-owned properties. The division also works with families in financial distress to help them sell their properties before foreclosure becomes the last resort as well as assists local investors in finding foreclosed properties available to rehab or rent. Read More…

  • Facebook

About Us

Presidential Realty is your real estate professional brokerage for homes and Real Estate services in the Phoenix area including Mesa, Chandler, Gilbert, Tempe, Ahwatukee, Queen Creek, Apache Junction, and Gold Canyon. With your best interests as our number one priority, our team of agents are willing to do what ever it takes to get the job done fast and dependably.We have the support of a thorough, professional office staff and we work as a team to make your real estate experience a positive one.

Office Locations

Please feel free to stop by and talk to us in person.

Mesa 4856 E. Baseline Rd #106 Mesa, AZ 85206

See Location

  • Become an Agent
  • Contact Info

Copyright © 2023 · Log in